Sanction letter and repayment statements of all the running loans and cards

Property Documents

Copy of title documents, legal and technical documents

About Hyderabad

After the split from Andhra Pradesh, Telengana was formed and Hyderabad became the joint capital of this newly formed state and Andhra Pradesh. Situated along the banks of River
Musi, Hyderabad is home to about 14.5 million individuals and is called the fourth most populous cities of India. The city was established in the year 1591 and was under the rule
of the QutbShahi Dynasty until Mughals captured the city and made it sovereign. The city gradually came under the dominion of Nizams of Hyderabad and became a princely state.
Even today, there is something princely about the state.

Home Loans in Hyderabad

Hyderabad was known in history for its pearl and diamond trading activities and even today, the pearl industry renders the city its nickname of City of Pearls. Pearls of all design,
size, value and color can be found in Hyderabad and this also attracts many shoppers to the city from various parts of India.

Throughout the 20th century, Hyderabad witnessed rapid industrialization and major Indian industries made the city their hub of activities. Indian manufacturers, research and
financial institutions, Information Technology companies, pharmaceutical companies and biotechnological companies have set up their operations in the city. Some famous names include
Bharat Heavy Electricals Limited, National Geophysical Research Institute and the Center for Cellular and Molecular Biology. In fact, the establishment of biotechnological and
pharmaceutical companies in the city and creation of Special Economic Zones resulted in the city being called as the ‘Genome Valley’. Creation of all these employment opportunities
attracted many individuals to the city. Hyderabad is, in fact, the fifth largest contributor to India’s overall GDP (Gross Domestic Product).

The city’s population increased by more than 50% from 2001 to 2011 as migrants settled in the city for lucrative job opportunities. This surge in population also brought about an
increase in the demand of real estate as more and more residents opted to buy their own homes. Moreover, with 24% of the city’s population consisting of migrants, there is also a
great demand for rental property. As such, investors find real estate to be a very good investment wherein they buy a home and let it out on rent to aspiring migrants. When it comes
to buying homes, almost every home buyer opts for a home loan. As the real estate sector of the city is booming, home loans in Hyderabad are also very popular.

Home Loan Providers in Hyderabad

There is no dearth of home loan providers in Hyderabad. With a heavy demand of homes which subsequently results in a heavy demand of home loans, home loan providers find
themselves in a healthy competition in attracting prospective buyers to their home loans. Home loans are provided by:

Banks -
banks lead the pack of providers of home loans in the city. With innumerable banks and their wide-spread branches, availing a home loan has become easier. Banks have
dedicated loan agents who help you in availing a home loan easily for your housing needs. You have to fulfill some simple eligibility criteria, submit your relevant
documents and the loan is sanctioned after proper verification. What’s more, banks also allow the facility to apply for home loan online through their websites.

Non-Banking Financial Companies (NBFCs) -
NBFCs also offer home loans. In fact, there are certain financial institutions which specialize in offering home loans to individuals. There are different types of home
loans which are offered by NBFCs catering to different requirements of individuals. They also have a list of eligibility criteria and require documents before issuing a
home loan. The online medium of home loan application is available in case of NBFCs too.

Home Loan Agents -
finally, there is the option of availing a home loan through home loan agents. The benefit provided by home loan agents in Hyderabad is that they let you compare the
available home loans offered by different institutions so that you can shortlist a loan which is the best. Home loan agents like iservefinancial.com also allow you to
apply for home loan in Hyderabad online so that you can get the home loan easily and without any hassles.

Top 10 Home Loan Providers in Hyderabad

Choosing a home loan from the multiple options available seems like a daunting task. That is why here is a list of top 10 Hyderabad home loan providers in the city so that you can choose a home loan in Hyderabad easily and also from the best.

SBI Home Loans
SBI is one of the leading public sector banks of India and there are different home loan offers in Hyderabad for different purposes. You can get a home loan for buying a new home, for constructing a new home, for buying a home under the affordable housing scheme of the Government of India, for conducting renovations or repairs to your existing home and also for taking over an existing home loan. Moreover, NRIs can also avail best home loan in Hyderabad. Loans up to Rs.10 crores are available through SBI's Home Loans .The interest rates of SBI home loans are as follows:

Borrowers

Term Home Loan

Term Home Loans

Max Gain Home Loans

CRE Maxgain Home Loans

2 yrs. fixed rate of interest for loans limited to Rs.30 lakhs

Floating rate of interest loans limited to Rs.75 lakhs

Floating rate of interest loans more than Rs.75 lakhs

Floating rate of interest home loans from Rs.20 lakhs to Rs.75 lakhs

Floating rate of interest home loans more than Rs.75 lakhs

Women borrowers

8.50% p.a. for the first two years of loan after which the interest rate would be linked to floating rate

0.60% more than the MCLR of the bank. Currently the rate of interest is 8.60% p.a.

0.65% more than the MCLR of the bank. Currently the rate of interest is 8.65% p.a.

0.75% more than the MCLR of the bank. Currently the rate of interest is 8.75% p.a.

0.95% more than the MCLR of the bank. Currently the rate of interest is 8.95% p.a.

1.05% more than the MCLR of the bank. Currently the rate of interest is 9.05% p.a.

Other borrowers

8.55% p.a. for the first two years of loan after which the interest rate would be linked to floating rate

0.65% more than the MCLR of the bank. Currently the rate of interest is 8.65% p.a.

0.70% more than the MCLR of the bank. Currently the rate of interest is 8.70% p.a.

0.80% more than the MCLR of the bank. Currently the rate of interest is 8.80% p.a.

1% more than the MCLR of the bank. Currently the rate of interest is 9% p.a.

1.10% more than the MCLR of the bank. Currently the rate of interest is 9.10% p.a.

ICICI Home Loans
ICICI Bank is a leading name in the private banking sector and the best bank for home loan in Hyderabad. With more than 4050 branches, ICICI Home Loans can be easily accessed by borrowers. Loans starting from Rs.5 lakhs to Rs.10 crores are available which can be repaid back within a maximum of 30 years. ICICI Home loans do not require any guarantor and Home loan interest rates in Hyderabad are 8.70% to 8.85%.

Axis Bank Home Loans
Axis Bank offers home loans on both fixed and floating interest rate. While floating rate loans do not incur any part prepayment of foreclosure fees while the fee is applicable in case of fixed rate home loans. Individuals aged 24 years and above can apply for Axis Bank Home Loans for up to Rs.10 crores.

HDFC Home Loans
HDFC’s primary objective is to lend home loans to borrowers. HDFC Home Loans, thus, feature in the top 10 list of home loan providers in Hyderabad. HDFC offers home loans at a floating interest rate of 8.5% to 8.55% per annum and loans up to Rs.10 crores are available.

Indiabulls Home Loans
Indiabulls is a leading NBFC which offers various home loans. Indiabulls Home Loans are available at an interest rate of 8.70% to 10.05% at a very minimal processing fee of up to 0.5% of the loan amount sanctioned. This processing fee is nil if you transfer a home loan from other institution to Indiabulls.

LIC Home Loan
LIC Housing Finance also offers attractive home loans. There is a good loan scheme for individuals who are looking to buy a house under the affordable housing scheme. A minimum of Rs.1 lakh can be availed as a home loan at an interest rate of 8.5% to 8.7% only.

PNB Housing Finance
PNB is also a very established name in the home loan industry. PNB Housing Finance, a NBFC, offers various types of home loans which start at Rs.5 lakhs only. Even the interest rate is competitive and loans are offered at both fixed rate and floating rate.

Standard Chartered Bank Home Loans
You can avail normal home loans, top-up home loans for availing an additional loan, home loans for balance transfer and affordable home loans. A home loan protector feature comes inbuilt with Standard Chartered Home Loans which protects the burden of repayment of the loan being transferred to your family in case of any unfortunate incident.

Kotak Mahindra Bank Home Loans
Kotak Mahindra offers the following types of home loans:

Home Improvement Loans for refurnishing an existing home or for adding any extensions

Home Loan Balance Transfer which allows you to transfer any existing home loan to Kotak Mahindra Bank

Sundaram Home Loans
Sundaram also offers home loans ranging from Rs.12 lakhs to Rs.5 crores to home loan borrowers. No guarantors are required for these home loans and the rate of interest floats between 8.70% to 9.25%.